K92 Mining Resumes Mining Operations at Kainantu GOLD MINE
Suite 488 - 1090 West Georgia Street
Vancouver, British Columbia
Canada V6E 3V7
Telephone: +1 (604) 416-4445
Facsimile: +1 (604) 608-9110
www.k92mining.com
NEWS RELEASE
K92 MINING RESUMES MINING OPERATIONS AT KAINANTU GOLD MINE
Vancouver, British Columbia, July 6, 2023 - K92 Mining Inc. (“K92” or the “Company”) (TSX:
KNT; OTCQX: KNTNF) announces that underground mining operations resumed on July 6, 2023,
pursuant to a safety-focused restart plan, at the Kainantu Gold Mine in Papua New Guinea following a
tragic underground vehicular incident (previously reported – see June 28, 2023 press release).
During this time there has only been limited impact on surface activities and surface stockpiles have
been treated through the process plant. K92’s production and cost guidance for 2023 remains
unchanged.
K92 Mining’s CEO and Director , John Lewins stated, “I would like to thank our employees and
contractors for their extraordinary efforts during this challenging and difficult time. Safety and the
well-being of everyone at K92 is and always will be our highest priority. And, to the family, friends
and co-workers of our two colleagues we once again extend our deepest thoughts, prayers and
condolences during this exceptionally difficult time.”
About K92
K92 Mining Inc. is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in
the Eastern Highlands province of Papua New Guinea, as well as exploration and development of
mineral deposits in the immediate vicinity of the mine. The Company declared commercial production
from Kainantu in February 2018 and is in a strong financial position. A maiden resource estimate on
the Blue Lake porphyry project was completed in August 2022. K92 is operated by a team of mining
company professionals with extensive international mine-building and operational experience.
On Behalf of the Company,
John Lewins, Chief Executive Officer and Director
For further information, please contact David Medilek, P.Eng., CFA, President at +1-604-416-4445
CAUTIONARY STATEMENT REGARDING FORWARD -LOOKING INFORMATION: This news
release includes certain “forward -looking information” within the meaning of applicable Canadian
securities legislation (“forward-looking statements”), including, but not limited to, the impact of global
supply chain and financial market disruptions; projections of future financial and operational
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performance; statements with respect to future events or future performance; production estimates;
anticipated operating and production cos ts and revenue; estimates of capital expenditures; future
demand for and prices of commodities and currencies; estimated mine life of our mine; estimated
closure and reclamation costs and statements regarding anticipated exploration, development,
construction, production, permitting and other activities on the Company’s properties, including:
expected gold, silver and copper production and the Stage 3 Expansion and Stage 4 Expansion.
Estimates of mineral reserves and mineral resources are also forward-looking statements because they
constitute projections, based on certain estimates and assumptions, regarding the amount of minerals
that may be encountered in the future and/or the anticipated economics of production. All statements
in this Annual Information Form that address events or developments that we expect to occur in the
future are forward -looking statements. Forward -looking statements are statements that are not
historical facts and are generally, although not always, identified by words such as “expect”, “plan”,
“anticipate”, “project”, “target”, “potential”, “schedule”, “forecast”, “budget”, “estimate”,
“intend” or “believe” and similar expressions or their negative connotations, or that events or
conditions “will”, “would”, “may”, “could”, “should” or “might” occur. All such forward -looking
statements are based on the opinions and estimates of management as of the date such statements are
made.
Forward-looking statements are necessarily based on estimates and assumptions that are inherently
subject to known and unknown risks, uncertainties and other factors, many of which are beyond our
ability to control, that may cause our actual results, level of activity, performance or achievements to
be materially different from those expressed or implied by such forward -looking information. Such
factors include, without limitation, Public Health Crises, including the COVID-19 Pandemic; changes
in the price of gold, silver, copper and other metals in the world markets; fluctuations in the price and
availability of infrastructure and energy and other commodities; fluctuations in foreign currency
exchange rates; volatility in price of our common shares; inheren t risks associated with the mining
industry, including problems related to weather and climate in remote areas in which certain of the
Company’s operations are located; failure to achieve production, cost and other estimates; risks and
uncertainties associ ated with exploration and development; uncertainties relating to estimates of
mineral resources including uncertainty that mineral resources may never be converted into mineral
reserves; the Company’s ability to carry on current and future operations, including development and
exploration activities; the timing, extent, duration and economic viability of such operations, including
any mineral resources or reserves identified thereby; the accuracy and reliability of estimates,
projections, forecasts, studies and assessments; the Company’s ability to meet or achieve estimates,
projections and forecasts; the availability and cost of inputs; the availability and costs of achieving the
Stage 3 Expansion or the Stage 4 Expansion; the ability of the Company to achieve the inputs the price
and market for outputs, including gold, silver and copper; inability of the Company to identify
appropriate acquisition targets or complete desirable acquisitions; failures of information systems or
information security threats; political, economic and other risks associated with the Company’s foreign
operations; geopolitical events and other uncertainties, such as the conflict in Ukraine; compliance
with various laws and regulatory requirements to which the Company is subject to, including taxation;
the ability to obtain timely financing on reasonable terms when required; the current and future social,
economic and political conditions, including relationship with the communities in Papua New Guinea
and other jurisdictions it operates; other assumptions and factors generally associated with the mining
industry; and the risks, uncertainties and other factors referred to in the Company’s Annual
Information Form under the heading “Risk Factors”.
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Estimates of mineral resources are also forward-looking statements because they constitute
projections, based on certain estimates and assumptions, regarding the amount of minerals that may
be encountered in the future and/or the anticipated economics of production. The estimation of mineral
resources and mineral reserves is inherently uncertain and involves subjective judgments about many
relevant factors. Mineral resources that are not mineral reserves do not have demonstrated economic
viability. The accuracy of any such estimates is a function of the quantity and quality of available data,
and of the assumptions made and judgments used in engineering and geological interpretation,
Forward-looking statements are not a guarantee of future performance, and actual results and future
events could materially differ from those anticipated in such statements. Although we have attempted
to identify important factors that could cause actual results to differ materially from those contained
in the forward -looking statements, there may be other factors tha t cause actual results to differ
materially from those that are anticipated, estimated, or intended. There can be no assurance that such
statements will prove to be accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-
looking statements. The Company disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future events or otherwise, except
as required by law.